[TradeRunner]

Originally Posted by UrmaBlume »

By far the vast majority of members/posters here are unable to correctly and precisely define the statistical arbitrage in an alpha neutral strategy that uses mean reversion to trade equity pairs. For sure a very select few can - but not many.

Hi Urma

You are so right and it’s funny because only the other day I was thinking the same thing. No wonder so many fail.

By the way did you see this post by Don Miller: Don Miller Trading Journal: Monday Notes - MATD, KISS, & More

That guy is such a loser! Can you believe he sometimes trades with just a laptop? Unbelievable, personally I think he is fraud.

Anyway I've got to go. I'm trying to decide on my trade station setup. Currently I only have dual monitors and as you know that's just totally inadequate for a professional trader. I’m thinking 10 monitors would be ok, but I'm sure I could make more if I just plump for the 16 now. What do you think?

Best wishes.


TradeRunner

[UrmaBlume]

Originally Posted by donaldkagan »

Thanks for the welcome Urma, I tend to agree with you regarding the paucity of traders who have a solid grasp of stat arb. I have had many a frustrating conversation with professional traders who like to ask "why don't you just trade one side of the pair?" I found your chart to be very interesting, although I'm sure it's a gross simplification and perhaps fundamentally wrong, that indicator seems as though it's a highly granular realtime record of open interest.Have you had any experience with a macro arbitrage strategy with futures? Are there any instrument specific challenges that wouldn't be found in equities?

The specific challenge is also the opportunity in that the leverage is bigger by several orders of magnitude.

What this forum lacks in depth of content is more than made up by how friendly and open MOST members really are. The only credible higher frequency quants that I have talked to from this board are members who never post.

Just a bit of research of the same kind that found the equity pairs that served you so well will serve you well here too. Try it, you'll like it, and, again, welcome aboard.

cheers

UB

[UrmaBlume]

Originally Posted by TradeRunner »

Hi UrmaYou are so right and it’s funny because only the other day I was thinking the same thing. No wonder so many fail.
By the way did you see this post by Don Miller: Don Miller Trading Journal: Monday Notes - MATD, KISS, & MoreThat guy is such a loser! Can you believe he sometimes trades with just a laptop? Unbelievable, personally I think he is fraud.Anyway I've got to go. I'm trying to decide on my trade station setup. Currently I only have dual monitors and as you know that's just totally inadequate for a professional trader. I’m thinking 10 monitors would be ok, but I'm sure I could make more if I just plump for the 16 now. What do you think?Best wishes.TradeRunner

No I missed Mr Miller's post and every other post made by him and others of his ilk. Believe it of not but most here are still involved with topics like profiles, candles, VSA & Wyckoff with little or no idea of the new era of smart data consolidation and visualization that is fast approaching.

As to the desktops - below is a shot of the desks we use for our in-house traders. This particular shot is of my own desk. We operate a mini-pit with 4 more setups just like it.

As to the number of monitors we find 8 is as much as most people can handle.

While to us Information = Equity is a mantra, we are working on the consolidation of different graphs into the HUD.



cheers

UB

[james_gsx]

Originally Posted by UrmaBlume »

No I missed Mr Miller's post and every other post made by him and others of his ilk. Believe it of not but most here are still involved with topics like profiles, candles, VSA & Wyckoff with little or no idea of the new era of smart data consolidation and visualization that is fast approaching.

I completely agree, it took a few years for me to realize this (well, more so the last 6 months).

[DugDug]

Urma - I always gave you a little more credit - but to say
"Believe it of not but most here are still involved with topics like profiles, candles, VSA & Wyckoff with little or no idea of the new era of smart data consolidation and visualization that is fast approaching." comes across as pretty condescending.
Especially given that most peoples trading problems is not in the visualisation input provided by a computer screen.

[UrmaBlume]

Originally Posted by DugDug »

Urma - I always gave you a little more credit - but to say
"Believe it of not but most here are still involved with topics like profiles, candles, VSA & Wyckoff with little or no idea of the new era of smart data consolidation and visualization that is fast approaching." comes across as pretty condescending.
Especially given that most peoples trading problems is not in the visualisation input provided by a computer screen.

You are right. The real problem with bars, profiles, candles, VSA, market delta & Wyckoff is the lack of intelligent processing before the data is visualized.

Condescending or not, most members here are strictly retail, long term losers as traders and less than 5% of the members are even remotely familiar with state of the art trade decision support technologies and methods as practiced by the likes of Goldman Sachs and Renaissance Capital.

Mention topics like candles, VSA, market profiles, market delta and Wyckoff to any group of up to standard quants you get laughed out of the room and the profile, candles, VSA, market delta and Wyckoff fanatics don't even know the difference.

My posts are not directed at the lowest common denominator here and that's my

[MidKnight]

UB,

So what if they get laughed out of the room. Quant trading isn't the only way to make money. Are you implying that it is?

With kind regards,
MK

[Dinerotrader]

Originally Posted by UrmaBlume »

Condescending or not, most members here are strictly retail, long term losers ....

My posts are not directed at the lowest common denominator here and that's my

You'll find with a little intelligent thought before posting that it is quite easy to participate in the forum giving useful knowledge to those interested without also coming across as condescending. However if you are trying to be condescending, because of some emotional motivation, you have succeeded. Hopefully this thread gets back to discussing the topic at hand instead of what "quants" think about other trading methods.